News

New Saudi Beach Cleaning Robot Unveiled By Red Sea Global

The new machine will ensure the pristine shores of the Red Sea and Amaala destinations remain world-class destinations for luxury travel.

Published

6 months ago

January 31, 2024

Nour Nasir

Red Sea Global

Red Sea Global, the developer behind The Red Sea and Amaala destinations in Saudi Arabia, has introduced an innovative robot to ensure the area’s stunning beaches remain free from waste and debris.

This cutting-edge electric robot has been designed to not only enhance the aesthetic appeal of the sandy shores but also to combat the persistent issue of plastic pollution and other forms of waste. One of its remarkable features is its ability to detect objects as small as a single cubic centimeter.

Introducing our beach-cleaning robot at @VisitRedSea – fully electric and remote-controlled. With the capability to clean 3,000 m2 in just one hour, it efficiently sifts and collects plastic waste and debris, identifying items as small as 1 cm2. pic.twitter.com/YMPCqiEOOG

— Red Sea Global (@RedSeaGlobal) January 26, 2024

The robot’s exceptional maneuverability enables it to navigate effortlessly around obstacles such as rocks and beach furniture. The machine also boasts an impressive 3,000 square meters of coverage within just one hour.

This newly introduced robot will commence operations at the Red Sea destination, playing a pivotal role in preserving the natural beauty of this world-class location and its exquisite resorts. This achievement underscores Red Sea Global’s dedication to safeguarding its beaches for visitors while also ensuring that the resort’s opulent travel experiences are in line with sustainable environmental practices.

Also Read: NEOM Unveils Zardun, A High-End Ecotourism Retreat

The Red Sea destination made its debut in 2023 with the opening of two luxury hotels. And since September, the Red Sea International Airport, the primary gateway to this extraordinary destination, has been receiving regular flights.

By the time of its completion in 2030, the Red Sea megaproject is set to feature an impressive array of 50 resorts, comprising a total of 8,000 hotel units and over 1,000 residential units spread across 22 islands and six mainland sites. Additionally, the destination will offer luxurious marinas, world-class golf courses, and an extensive range of entertainment and recreational facilities.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.